Help Save ses include $450,000 Bay City Company\'s fixed budget performance repo

Question

Help Save ses include $450,000 Bay City Company's fixed budget performance report for July follows. The $594,000 variable expenses and $144,000 fixed expenses. Actual expenses include $134,000 fixed expenses. eted total expen 8,100 $648,000 594,000 54,000 7.000 Sales (in units) Sales (in dollars) Total expenses $623,000 $25,000 U 563,000 31,000 s 60,000 6,000 Prepare a flexible budget variable expenses separately. performance report that shows any variances between budgeted results and actual results. List fixed and For Month Ended July 31 Flexible budget

Explanation / Answer

Flexible Budget is a report that shows the different between the actual company performance and the budgeted performance for the actual sales volume.

Actual Variable Expense

Flexible Sales (In $)

Flexible Variable Cost

Bay City Company Flexible Budget performance report For month ended July 31 Particulars Flexible Actual Variance Fav/Unfav Sales 56000 623000 63000 F Variable Exp 388889 429000 40111 F Contribution Margin 171111 194000 22889 F Fixed Expense 144000 134000 10000 F Income From Operations 27111 60000 32889 F

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.